litigation
confidence high
sentiment positive
materiality 0.75
ME2C awarded $57M patent verdict against CERT defendants in Delaware
Birchtech Corp.
- Federal jury awarded $57 million against CERT Operations II, IV, V, LLC and CERT Operations RCB LLC.
- Jury found willful infringement and inducing/contributory infringement of ME2C's mercury emissions patents.
- Case commenced in 2019; prior settlements reached with Arthur J. Gallagher and DTE Energy in Nov 2023.
- CEO Richard MacPherson called the unanimous verdict a 'clear vindication' of patent strength.
- Verdict protects ME2C's market position in mercury emissions technology for coal-fired power plants.